Reduced margin and increased costs sees profit fall at JD Sports

The sports retailer increased revenues as the number of outlets in Ireland rose from 19 to 22

The sports retail has also opened a new warehouse in Dublin to service its Irish customers.

Pre-tax profits at the main Irish unit of sports retailer JD Sports last year declined by 21% to €18.76m.

New accounts for John David Sports Fashion (Ireland) Ltd show the business recorded the decrease in pre-tax profits, as revenues increased by 13% from €167.3m to €189.03m in the 12 months to January 29 last year.